BANKRUPTCY AND SECURITY CLEARENCES

Bankruptcy & Security Clearances

Individuals working in many sectors of the government and private contractors for the government rely upon their security clearances to get and keep their jobs. At Acosta Law, one of the first questions we often hear during consultations with these individuals is, "Will I be allowed to keep my security clearance?" The answer is yes.

Our attorneys are experienced in representing individuals in all types of government agencies and jobs, helping them keep their security clearance while navigating the bankruptcy process.

Filing for bankruptcy, in itself, will not prevent you from securing or keeping a security clearance.

The security clearance review process is designed to evaluate the riskiness of an individual, taking into account many personal factors, including financial decision-making. Many people assume that bankruptcy is inherently a black mark on an application, demonstrating that you cannot handle your debt or finances.

However, bankruptcy is a tool that is designed to help people pay back their debts and establish financial security in a responsible manner. Filing for bankruptcy is often the most responsible and prudent decision a person can make in dealing with financial difficulty. It shows that the person is accountable for his or her actions and allows that person to take control of the situation without sinking further into debt or liquidating assets that could be protected during bankruptcy.

If you are seeking a security clearance or currently have one for your job and you are faced with the possibility of bankruptcy, call our law offices today for more information about how we can protect your clearance while completing a bankruptcy.